Triumph Financial (NASDAQ:TFIN) Given New $68.00 Price Target at DA Davidson

Triumph Financial (NASDAQ:TFIN) had its price objective lowered by DA Davidson from $73.00 to $68.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for Triumph Financial’s FY2024 earnings at $1.55 EPS and FY2025 earnings at $2.64 EPS.

A number of other brokerages also recently weighed in on TFIN. Piper Sandler downgraded Triumph Financial from a neutral rating to an underweight rating and raised their price objective for the company from $64.00 to $67.00 in a research report on Monday, February 12th. Stephens decreased their price target on Triumph Financial from $79.00 to $75.00 and set an equal weight rating for the company in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods increased their price target on Triumph Financial from $61.00 to $68.00 and gave the company a market perform rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Triumph Financial currently has an average rating of Hold and a consensus target price of $65.40.

Triumph Financial Price Performance

TFIN opened at $68.85 on Friday. Triumph Financial has a 12-month low of $46.67 and a 12-month high of $82.22. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $76.09 and its 200-day simple moving average is $72.23. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 52.56 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Triumph Financial had a net margin of 7.16% and a return on equity of 4.22%. The company had revenue of $106.15 million for the quarter, compared to the consensus estimate of $106.81 million. On average, equities research analysts anticipate that Triumph Financial will post 1.74 earnings per share for the current fiscal year.

Insider Transactions at Triumph Financial

In other news, COO Edward Joseph Schreyer sold 12,820 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $72.43, for a total value of $928,552.60. Following the completion of the transaction, the chief operating officer now directly owns 50,939 shares in the company, valued at $3,689,511.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.15% of the company’s stock.

Institutional Trading of Triumph Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its holdings in Triumph Financial by 0.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 53,424 shares of the company’s stock worth $4,284,000 after acquiring an additional 218 shares during the period. Rhumbline Advisers grew its holdings in Triumph Financial by 0.4% in the third quarter. Rhumbline Advisers now owns 68,558 shares of the company’s stock valued at $4,442,000 after purchasing an additional 266 shares during the period. Stifel Financial Corp grew its holdings in Triumph Financial by 4.0% in the third quarter. Stifel Financial Corp now owns 9,780 shares of the company’s stock valued at $634,000 after purchasing an additional 380 shares during the period. Swiss National Bank grew its holdings in Triumph Financial by 1.0% in the third quarter. Swiss National Bank now owns 48,800 shares of the company’s stock valued at $3,162,000 after purchasing an additional 500 shares during the period. Finally, Larson Financial Group LLC acquired a new stake in Triumph Financial in the fourth quarter valued at approximately $42,000. 91.11% of the stock is owned by institutional investors and hedge funds.

Triumph Financial Company Profile

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.